Masters of Management in Australia

What is Masters of Management Program?

The Master of Management (MIM) is a graduate-level degree designed to equip students with the essential skills and knowledge needed to excel in leadership and managerial roles across various industries. Unlike the traditional MBA, which often requires work experience, the MIM is tailored for recent graduates or early-career professionals who aspire to build a strong foundation in management principles, strategic thinking, and organizational behavior. The program combines theoretical knowledge with practical applications, offering students a comprehensive understanding of global business practices.

Why Study Master’s in Management in Australia?

Australia is a top destination for pursuing a Master’s in Management due to its globally recognized universities, diverse cultural environment, and robust job market. The country’s educational institutions offer high-quality programs with a strong emphasis on practical learning and industry exposure. Studying in Australia also provides international students with opportunities to work while studying, access post-study work visas, and gain exposure to one of the most dynamic and innovative economies in the world. Additionally, Australia’s multicultural society ensures a welcoming and inclusive environment for students from all backgrounds.

Management Courses in Australia for Indian Students

• Master of Management
• Master of Business Administration (MBA) with a focus on Management
• Master of Global Management
• Master of Leadership and Management
• Master of Business and Project Management
• Master of Strategic Management
• Master of Human Resource Management

Cost of Studying Master’s in Management in Australia for Indian Students

 

Expense	Cost (in AUD)
Tuition Fees	35,000 – 50,000 per year
Living Expenses	20,000 – 25,000 per year
Health Insurance (OSHC)	500 – 700 per year
Application Fees	100 – 150 per application
Visa Fees	630 (approx.)
Miscellaneous Costs	2,000 – 4,000 per year

Eligibility Criteria and Admission Requirements to Study MIM in Australia

• Educational Qualifications: Applicants must have a bachelor’s degree in any discipline from a recognized university with a minimum GPA of 2.5 to 3.0 (or equivalent).
• English Language Proficiency: Proof of proficiency through tests like IELTS (minimum score of 6.5), TOEFL, or PTE is required.
• Work Experience: While not mandatory for most MIM programs, some universities may prefer candidates with 1-2 years of professional experience.
• Statement of Purpose (SOP): A well-written SOP detailing your career goals and reasons for choosing the program is essential.
• Letters of Recommendation: Two or three academic or professional references.
• GMAT/GRE Scores: Some universities may require standardized test scores, although many offer waivers.

Top Universities / Colleges for Master’s in Management in Australia

Top Universities / Colleges	Tuition Fees (in AUD) per year
University of Melbourne	45,000 – 50,000
University of Sydney	40,000 – 48,000
Australian National University	42,000 – 47,000
University of Queensland	38,000 – 45,000
Monash University	35,000 – 43,000
University of New South Wales	40,000 – 46,000

 

Career Prospects in Australia After Pursuing Master’s in Management

Job Title	Average Salary (in AUD) per year
Business Analyst	85,000
Marketing Manager	100,000
Project Manager	120,000
Management Consultant	110,000
Operations Manager	95,000
Human Resources Manager	90,000

FAQs

What is a GPA?

GPA stands for Grade Point Average. It is a numerical representation of a student’s academic performance, calculated on a scale (e.g., 0 to 4.0) based on the grades received in courses.

How is GPA calculated in Australian universities?

Most Australian universities calculate GPA using a weighted average of grades earned in completed courses, taking credit hours into account.

What GPA is required for a Master’s in Management in Australia?

A minimum GPA of 2.5 to 3.0 (on a 4.0 scale) is typically required, though it varies by university.

Can GPA affect scholarship eligibility in Australia?

Yes, a higher GPA can significantly improve your chances of receiving scholarships and financial aid.

Is there a difference between weighted and unweighted GPA?

Yes, a weighted GPA considers the difficulty of courses (e.g., honors or advanced placement), while an unweighted GPA treats all courses equally.